Tornado Cash Token Soars 130% After Court Lifts Sanctions: What It Means for Investors
The native token of Tornado Cash, TORN, has surged by 130%, trading at $17.74 following a groundbreaking decision by a U.S. appeals court to lift sanctions imposed by the Treasury’s Office of Foreign Assets Control (OFAC). This ruling has considerably renewed confidence among investors, signaling a favorable change in the regulatory landscape. The market has responded positively to the news, and the surge in TORN’s price highlights the critical connection between legal decisions and market trends. Investors are keeping a close watch on the implications of this ruling for Tornado Cash and the broader cryptocurrency market.